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CFOs: 35% Say Firms to Invest in IT

September 15 2011

Companies plan to invest more in information technology systems in 2012 than in any other area, according to a new Robert Half Management Resources survey. Thirty-five percent of CFOs participating in the survey said their companies would invest in new or upgraded IT systems.

The second-most common investment will be the development of new products and service lines, at 21 percent.

Fourteen percent said their companies would expand into new offices or locations and 11 percent cited mergers or acquisitions as the top-planned investment.

Meanwhile, 15 percent said their company would make no significant investment next year.

“Maximizing current information systems and designing new ones that optimize major processes can improve operational efficiency,” said Paul McDonald, senior executive director of Robert Half Management Resources. “To build competitiveness and revenue generation opportunities, executives also are willing to fund development of new products and services. Those organizations not planning to invest may be taking a ‘wait and see’ approach to determine business demand before committing to specific initiatives.”

An independent research firm polled 1,400 CFOs from U.S. companies with 20 or more employees on behalf of Robert Half Management Resources.

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